If Empirical Tests of the Human Capital Theory Find Conclusive

question 179

Multiple Choice

If empirical tests of the human capital theory find conclusive evidence that education enhances productivity, then optimal public policy would suggest that:

• A)everyone should be required to finish high school
• B)compulsory schooling laws always increase social wellbeing
• C)the benefits of increased productivity need to be weighted against the opportunity cost of education
• D)a university education should be required of all members of society

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Definitions:

Nuclei

The central and most important part of an atom, containing protons and neutrons.

Decay

The process of decomposition of organic matter by microorganisms, leading to the release of nutrients back into the environment.

Radiation

The emission of energy as electromagnetic waves or as moving subatomic particles, especially high-energy particles that cause ionization.